We’re almost there, America. After months of commercials, texts, and rhetoric, the 2024 U.S. election is finally in the home stretch as Americans (who haven’t already voted) head to the ballot box. On Tuesday night, the polls will no longer matter. The only numbers that will be focused on are the ones from ballots. And…
The president of the Nasdaq stock market index said the Street is now pricing in the unexpected, and trading safety nets are also being tightened to reduce volatility as much as possible. It comes after oscillating reports of which nominee may ultimately win the Oval Office—with both candidates charting as ahead at some point in the…
Berkshire Hathaway’s cash reserves are at an all-time high of $325.2 billion as Warren Buffett quickly exits what has been one of his most profitable trades of the past decade. The Oracle of Omaha and his conglomerate holding company Berkshire started to offload shares of Apple late last year, paring down a major bet on…
Elon Musk is accused of rampantly spreading election misinformation, and it has been a thorn in the side of election officials working double time to try and mitigate the spew of unfounded claims about meddling and alleged voter fraud. Some officials have even gone to measures like dispatching personal notes to the CEO of Tesla…
As the time ahead of Election Day dwindles, celebrities, entrepreneurs, and influential business people have come out of the woodwork to throw their support behind one of the presidential candidates. On Wednesday, one of the biggest names in media, politics, and business announced his support for Vice President Kamala Harris: Mike Bloomberg. “I voted for…
‘Shark Tank’ star Kevin O’Leary is enthusiastically backing Elon Musk’s plan to cut $2 trillion from federal spending—and in fact, he thinks the cuts should be even higher. If former president Donald Trump wins a second term, he has pledged to appoint Musk as head of a new Department of Government Efficiency that would enact…
Trump Media seems poised for another day of highly volatile trading. On Wednesday, Trump Media’s stock fell 12% in the first 90 minutes after the market opened. The day before that, trading on the stock was halted five times due to excess volatility. The stock closed at $51.51 on Tuesday but was down to $45.57…
Kamala Harris should have a cakewalk to the Oval Office. At least, that’s what the stock market says. It’s surged to record highs since the vice president entered the race in July, which has historically been very good news for incumbent candidates. In reality, of course, polls show a virtual dead heat, with prediction markets…
Goldman Sachs Group Inc. said global investors are overstating the risk that financial markets will be plunged into uncertainty by the lack of a clear victor soon after next week’s US presidential election. “While we recognize the tail risk possibilities, we think market participants appear to be somewhat overestimating the probability that a delayed result…
Donald Trump’s fledgling social-media company Truth Social is now worth more than X, formerly known as Twitter. Thanks to a stock price that’s soaring in the final days before the election, the market cap of the Trump Media and Technology Group (TMTG) now exceeds that of X, which owner Elon Musk took private in October…